Fluent Finance Abroad Latest News

Keep informed of the very latest news from the world of finance and mortgages.

New Spanish mortgage law or Mortgage Credit Directive

There has been a lot of talk regarding the new Spanish mortgage laws that came into force on the 16th June 2019 so we thought it was about time we addressed some of the major changes that potential or existing borrowers should be aware of… The changes to the rules and regulations are not a … Continue reading “New Spanish mortgage law or Mortgage Credit Directive”

When moving your Spanish mortgage lender is the right thing to do!

Since the changes to the mortgage tax rules in Spain back in November 2018 (actos juridicos documentados), which are now in favour of the consumer rather than the lender, we at Fluent Finance Abroad have been busy working on a re-mortgage package specifically designed for clients who are not happy with their current Spanish mortgage … Continue reading “When moving your Spanish mortgage lender is the right thing to do!”

Fluent Finance Abroad supports Butterfly Children charity

Every year the team from Fluent Finance Abroad likes to help with a bit of sponsorship for Debra Spain and their annual golf event, which is held in Marbella at the Aloha Golf club in Nueva Andalucía. Debra is a cause close to our hearts, as EB, Epidermolysis Bullosa, also called Butterfly Skin is an … Continue reading “Fluent Finance Abroad supports Butterfly Children charity”

The Mortgage Loan Reference Index

Our next feature in our series regarding claims against Spanish banks is mortgage interest rates calculated against the IRPH or The Mortgage Loan Reference Index, which was an alternative to the Euribor and is basically another reference for calculation of the mortgage interests. IRPH was sold to the public as a stable and less volatile … Continue reading “The Mortgage Loan Reference Index”

Miss-selling Claims against Spanish Banks – Could they really be liable for EURO 33 billion worth of claims?

You may or may not be aware but Spanish lenders have been taken to task since the country’s banking and construction industries nearly collapsed as a consequence of the global credit crisis. Such was the ferocity of the banks actions, that after mass public demonstrations in 2012, law makers in Spain brought in new rules … Continue reading “Miss-selling Claims against Spanish Banks – Could they really be liable for EURO 33 billion worth of claims?”

Clausula Suelo – Interest rate floor clause

The clausula suelo is the most common claim against lenders as this clause would ensure that the interest rate you would pay would never go below a certain level which in most cases have been around the 3 – 5.5% mark. Given that interest rates since 2011 have plummeted and that the EURIBOR is actually … Continue reading “Clausula Suelo – Interest rate floor clause”

Multi-Currency Mortgages

In continuation in our series of articles, Fluent Finance Abroad offers a quick insight into another type of mortgage claim, more uncommon than the ones described in our previous series of articles about mortgage set-up expenses and the famous clausula suelo. Today we are talking about Multi-Currency Mortgages, Foreign Exchange Currency Mortgages or as they … Continue reading “Multi-Currency Mortgages”

Anti-Brexit Spanish Mortgage Strategy

Anti-Brexit Spanish Mortgage Strategy

  • By fluent
  • |
  • October 25, 2017

If you are being put off buying a Spanish property because of the drop in the value of the pound you need to read our Anti-Brexit Spanish Mortgage Strategy carefully. You may feel that property prices in Spain will be affected by fewer British buyers coming into the market although it is important to bear in … Continue reading “Anti-Brexit Spanish Mortgage Strategy”

Vive La France!

Les résultats des élections présidentielles en France ont laissé l’Union Européenne pousser un très grand soupir de soulagement. La peur d’avoir un gouvernement d’extrême droite au pouvoir en France, qui à son tour aurait surement conduit à la désintégration de l’Union Européenne, a été apaisée (du moins pour l’instant) et il parait que Macron, qui … Continue reading “Vive La France!”

British Banks

British Banks and mortgages in Spain

Having been arranging mortgages in Spain for over 13 years I feel like we at Fluent Finance Abroad, are well placed to inform you of how British Banks faired when it came to lending in Spain. When I arrived in Spain back in January 2004 I walked into a frenzy of Spanish mortgage lending activity. … Continue reading “British Banks and mortgages in Spain”

10 reasons for a Spanish mortgage when buying property in Spain!

10 reasons for a Spanish mortgage when buying property in Spain!

  • By fluent
  • |
  • February 15, 2017

1. If your liquid funds are in a currency other than Euro, you could fund part of the purchase by getting a Euro Mortgage therefore offsetting any currency fluctuations when it comes to sending funds to Spain to cover deposit and costs. 2. You may feel that your cash budget doesn’t get you the property … Continue reading “10 reasons for a Spanish mortgage when buying property in Spain!”

Belfast -based Debt Strategists, Bell & Company

Calling all High Rollers- Bell & company bring ‘Casino Royale’ inspired glamourous event to Titanic Belfast in aid of NSPCC Northern Ireland

  • By fluent
  • |
  • January 12, 2017

Belfast -based Debt Strategists, Bell & Company, are holding a casino inspired Gala Ball on Friday 3rd March at the award-winning Titanic Belfast and are delighted to have the fantastic support of some well-known names including special guests Lady Brenda McLaughlin and David Tait. All guests and sponsors alike will be given the ‘Royale’ treatment … Continue reading “Calling all High Rollers- Bell & company bring ‘Casino Royale’ inspired glamourous event to Titanic Belfast in aid of NSPCC Northern Ireland”

Brexit

Statement from Fluent Finance Abroad re Brexit and it’s effect on Spanish Mortgages for British borrowers

Statement from Fluent Finance Abroad re Brexit and it’s effect on Spanish Mortgages for British borrowers From the moment David Cameron announced the date for the referendum on the 20th February 2016, we as a business decided to put any major expansion on hold until the result came in. Now the result is in, I … Continue reading “Statement from Fluent Finance Abroad re Brexit and it’s effect on Spanish Mortgages for British borrowers”

Marc Elliott de Lama

Meet Marc Elliott…

  • By fluent
  • |
  • January 13, 2016

Marc Elliott is the British expat and brains behind Fluent Finance Abroad, the mortgage specialists based in San Pedro de Alcántara, Marbella.Providing clients with the most appropriate form of finance to purchase their dream home abroad, Marc – being half Spanish – has taken to life on the Costa del Sol like the proverbial duck … Continue reading “Meet Marc Elliott…”

General Franco

40 years after the death of General Franco – Spanish Mortgage Market Cleans Up Its Act

  • By fluent
  • |
  • November 20, 2015

Press release… Spanish Mortgage Market Cleans Up Its Act Whilst mature mortgage markets such as that of the UK have learned from their mistakes and now heavily regulate the selling of financial products, Spanish banks are currently licking their wounds and suffering under the weight of repossessions on their balance sheets. New Prime Minister Rajoy … Continue reading “40 years after the death of General Franco – Spanish Mortgage Market Cleans Up Its Act”

Tax Help Man

Spanish Mortgages – Should I?

Spanish Mortgages – Should I or Shouldn’t I? help I need a Spanish mortgage for my Spanish property purchase It seems to be the million dollar question these days and there appears to be a great deal of confusion as to whether or not Spanish banks are actually lending to foreign borrowers. The first thing … Continue reading “Spanish Mortgages – Should I?”

Spanish Mortgages

Spanish Mortgages & Bank Bad Loans Surge To Record High

  • By fluent
  • |
  • November 20, 2013

In September, official data showed on Monday, despite the near completion of a €41 billion euro zone – financed bailout of the battered financial sector Risky loans, mostly linked to the collapsed property sector, climbed by 6.9 billion euros from the previous month to an unprecedented €187.8 billion ($254 billion) in September, a Bank of … Continue reading “Spanish Mortgages & Bank Bad Loans Surge To Record High”

Rodrigo Rato

Bankia to close 99% of branches on the Costa del Sol

  • By fluent
  • |
  • November 19, 2013

Worrying news for Ex Caja Madrid & Bancaja customers as staff are told to announce that Bankia are to close 99% of branches on the Costa del Sol. Having heard the rumour that Bankia were closing all of its branches in Marbella I decided to pop into my local branch (Ex Caja Madrid) to see … Continue reading “Bankia to close 99% of branches on the Costa del Sol”

PricewaterhouseCoopers

Spain to Grow Faster Than Germany : PWC

  • By fluent
  • |
  • September 24, 2013

International accounting giant PricewaterhouseCoopers (PWC) is predicting Spain’s growth will outstrip that of both Germany and France from 2015 to 2019. Annual growth in Spain will be 1.79 percent in this period, against 1.5 percent for the Eurozone, said the accounting giant in the September issue of its Global Economy Watch. Spain’s growth will also … Continue reading “Spain to Grow Faster Than Germany : PWC”

Rodrigo Rato

Santander hires ex-Bankia chief Rodrigo Rato for international advisory committee

  • By fluent
  • |
  • September 20, 2013

Leading Spanish lender Banco Santander has hired Rodrigo Rato – who was chairman of Bankia shortly before it was nationalized – for its international advisory committee. Bankia was taken over by the Bank of Spain in May 2012 and subsequently needed an injection of 22.424 billion euros in taxpayer money to restore its balance sheet. … Continue reading “Santander hires ex-Bankia chief Rodrigo Rato for international advisory committee”